READERS ARE REMINDED THAT CHARLES BASSETTI WILL BE SPEAKING AT THE TSAASF TITANS OF TECHNICAL ANALYSIS CONFERENCE AUGUST 20 AT GOLDEN GATE UNIVERSITY.  INFO AT TSAASF.ORG.  THE SECRET OF THE MARKETS WILL NOT BE REVEALED.

Either the market is playing cat and mouse with us (guess who’s the mouse) or we are waiting for Godot.  Either way it’s a waiting game.  The breakout from the flag fizzled so the contrarians are still in control of the markets.  If it’s any comfort Carl Icahn is said to be losing half a million dollars a day.

Talk about dog days of August…  Not even the dogs want to buy this screwed up economy and political race.